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Market Reports

8:22am, February 27th 2023

Big Week for Economic Data

As participants return to their desks from the weekend they will be preparing for a data-heavy week, with releases from across the globe.

 

The US reports on durable goods orders, consumer confidence, home sales, ISM manufacturing, and services data. From the eurozone, preliminary inflation data for February is due out of Germany, France, Spain, and Portugal. Finally, China is scheduled to print its most recent PMI numbers which should provide global investors with a snapshot of how the world’s 2nd largest economy is faring with its reopening.

 

From an FX perspective, the greenback takes the spotlight again following more strong data on Friday. Whilst this places emphasis on the Fed to raise further, it appears so far that the consumer is remaining resilient despite such aggressive monetary policy moves in 2022.

 

Have a good week.

Written by Viv Savani. 8:22am, February 27th 2023

The details expressed in this market report are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Cornhill International Payments limited accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information.

Previous Reports

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